Indian stock markets are basically fragmented into many several trade companies which are out there and it is very much generous to every company to be on top and each and every company tries a very hard to stay on the top in the list of topping the stock broking in India, the companies differentiate themselves on many metric which are itself unique which are basically;
- The commission or the brokerage that they have.
- The basic market tips and the reports of the research.
- The point even about the customer base as well.
- The basics of trading platforms.
- They even believe in customer services.
- The heavy and wide range of trading products.
- The main thing is company legacy.
- The PAN India office presence and so on some things.
Top 10 Best Stock Broker in India
Some of the best Stock Brokers Company in India are listed below, which charges lowest brokerage for selling and buying.
This is one of the oldest and largest pioneers in the online trade sharing companies in India. So far this company has been sold out to BNP Paribas for almost 2,200 Crores but still there are no changes in the services and the quality and the company still boosts out on this brand which is 16 years old and has so many different trading platforms for the customer base. The platforms that is available from that some famous are Trade Tiger, Share Mobile and the Classic one which are their identity basically.
One of the concerns that you should see is, its relatively having a high brokerage charges so far.
#2 ICICI Direct
ICICI Direct enjoys a heavy amount of brand advantage because of its banking services that are already famous. This brand is famous because it helps high scale customers and that too in a very low cost. Due to the high brand that it already has, ICICI basically charges high commission charges for trust factors to its customer user base.
It has a Trade Racer for the customer so that they can even do it online so far.
#3 HDFC Securities
HDFC Securities is another trading company which comes up with utmost advantages of the brand of its banking services. However so far this company allows and offers you to have a 4-in-1 account in its place. This company and the offer basically allow you to move your funds and securities with the following savings, demat and the trading accounts.
It is very well-known for its research reports and some basic user interface and information on the stock trends and even the movements.
#4 India Infoline (IL)
IIFL are basically India’s first full-service stock brokers which are working in India. And now they have basically introduced a very much discount stock-breaking solution in the form of 5paisa as well which will eventually be the game changer. It is basically known for its wide and large offline sources so far. And this makes it wide presence in North India very well.
It has some reasonable outlooks in its research and offers you a regular recommendation and tips to you and other clients as well.
#5 5 Paisa
5Paisa is basically a leading stock breaking company which used to have the IIFL as its backbone, as somehow it is shown that now they are separated somehow and this company somehow got its name in the list of top best companies. Which is also launched just few years back is a Mumbai based company.
The thing that keeps people’s interest in this is that the first 5 trades with the company are very much free with almost 0% brokerage charge eventually in the case of first 5 trades.
#6 Motilal Oswal
Motilal Oswal of MOSL is one of the oldest full-service stock broking companies in the whole country based in 1987. This company majorly looks forward to institutional securities but has also turned their services towards retail stock breaking as well.
This company has done some proper innovations in it introducing a Genie, which allows you get answers directly.
It has been always the first discount broker in India which was incorporated in India in 2010. As the so many high value traders out there and same as with the investors, the CEO of this company faced the same problem of paying very high amount of charge to the stick brokers. So, he established this and is very well-known for its low value stocks and charges.
Basically, truly saying, the customer services lacks maturity in this company.
#8 Angle Broking
This company is basically the fill-service share trader company which is standing tall from last 29 years in the market. It was founded in 1987 having their existence and quarters in almost 1,000+ cities with all counted 8,500 total sub-brokers working.
It has an average customer service and is basically lacking even with the mobile app use.
#9 Trade Smart Online
It has been a financial house for more than 20 years in India and very much well-known for its flexible brokerage plans that are based on the customer requirements.
It comes up with very high transaction charges and do not invest in IPO’s basically.
#10 Kotak Securities
This is also one of the bank based company which has advantages of its banking services and offers you 3-in-1 demat account while cashing and on its gain in banking services, and provides a large offline market too. Saying frankly, Kotak is one of the very expensive stock brokers when it comes to brokerage.
So, these are some of the best stock brokers in India so far, in 2018. Choose your stock broker wisely which will help you to make more money easily in stock market.